DoT had filed claims worth some Rs 10,000 crore, of which only Rs 2,000 crore was approved by Deloitte, the resolution professional for Aircel.
NCLT's Mumbai bench has asked DoT to file an affidavit by July 22 to which Aircel's RP will respond by July 28. The decision on the resolution plan be taken on July 30.
Trai is also set to reject the telecom department’s suggestion to reduce the 5G spectrum reserve price.
The broadband industry body’s comments mirror those of telcos and other associations who have protested against the regulator’s price points for upcoming 5G spectrum auctions.
While some senior-level hiring took place at salary levels upward of Rs 1 cr, hiring has started for other grades too.
Telcos saddled under a debt of Rs 4.3 lakh crore as of March 2019 will need investments of up to Rs one lakh crore only in laying fibre networks over the next 2-3 years.
Multiple meetings have taken place over the last month or so among company executives.
Aircel and its proposed acquirer's move contradicts DoT stance that only govt can sell airwaves.
NCLT was hearing Aircel’s plea for an injunction against DoT’s application that the telco’s spectrum be withdrawn due to non-payment of dues.
DoT says only the government can sell asset; move may make RCom, Aircel less attractive to buyers.
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